How To Fix FTR_GUI571 - Legal basis &1: trade ID &2 and trade ID &3 have overlapping validity

SAP Error Message - Details

• Message type: E = Error

• Message class: FTR_GUI - TR Transaction Management

• Message number: 571

• Message text: Legal basis &1: trade ID &2 and trade ID &3 have overlapping validity

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FTR_GUI571 - Legal basis &1: trade ID &2 and trade ID &3 have overlapping validity ?

  The SAP error message FTR_GUI571 indicates that there is an issue with overlapping validity periods for two trades in the system. This typically occurs in the context of financial transactions, particularly in the area of treasury and risk management, where trades are recorded and managed.
  Cause:
  The error arises when two trades (identified by their trade IDs) have overlapping validity periods. This means that the start and end dates of these trades intersect, which is not allowed in the system. The legal basis for this restriction is to ensure that each trade is unique and that there are no conflicts in the validity periods of financial instruments.
  Solution:
  To resolve this error, you can take the following steps:
  
  
  Identify the Trades: Use the trade IDs provided in the error message to locate the specific trades in the SAP system.
  
  
  Check Validity Periods: Review the validity periods (start and end dates) of the trades in question. Determine how they overlap.
  
  
  Adjust Validity Periods: 
  
  If possible, modify the validity period of one of the trades so that it no longer overlaps with the other. This may involve changing the start or end date.
  If the trades are meant to be separate and distinct, ensure that their validity periods do not conflict.
  
  
  
  Consult with Stakeholders: If you are unsure about how to adjust the trades, consult with relevant stakeholders (e.g., finance team, risk management) to understand the implications of changing the validity periods.
  
  
  Test Changes: After making adjustments, test the changes in a development or test environment if possible, to ensure that the error is resolved and that the trades function as intended.
  
  
  Documentation: Document any changes made to the trades for future reference and compliance purposes.
  
  
  Related Information:
  
  SAP Notes: Check SAP Notes for any specific guidance or patches related to this error message. SAP frequently updates its documentation and may have specific recommendations for your version of the software.
  Transaction Codes: Familiarize yourself with relevant transaction codes in SAP for managing trades, such as:
  
  FTR_EDIT: To edit financial transactions.
  FTR_LIST: To list financial transactions.
  
  
  Training and Support: If you frequently encounter this error, consider additional training on SAP Treasury and Risk Management or consult with SAP support for more in-depth assistance.
  
  By following these steps, you should be able to resolve the FTR_GUI571 error and ensure that your trades are correctly recorded in the system without overlapping validity periods.